Competition Between Regional Exchanges, Nasdaq/NYSE Heating Up
The key points of my last article were about being nimble, selective, and patient. The two companies that have done this are Knight's Direct Edge and BATS Trading. I have to say that I am surprised they have gained as much traction as they have in such a short period of time, but with the hard work I have witnessed firsthand I am not shocked.
Head Traders Discuss What It Takes to Manage a Trading Desk
Advanced Trading's Randall S. Devere spoke with some prominent head traders about what it takes to manage a trading desk. What quickly emerged is a portrait of a group that has to think well outside the parameters of buying and selling - particularly those who trade for or run their own hedge funds.
Lobby groups have convinced the SEC to conduct a rare review of market-data fees, reenergizing a spirited debate.